Permitted Regulated Verified 2026-09-07 · ver. 0.2.3 How we verify these rules

Payday Loans in Iowa

Iowa permits licensed delayed-deposit transactions subject to a $500 aggregate check-face ceiling, a maximum 31-day holding period, a statutory fee schedule, and an anti-refinancing rule.

Iowa legal category: Delayed Deposit Transaction · Iowa Code Chapter 533D — Delayed Deposit Services

Iowa payday loans at a glance

Legal status
Permitted Regulated
Legal category
Delayed Deposit Transaction
Maximum amount in this regime
$500
Term
Up to 31 days
Regulator
Iowa Division of Banking
Verified
2026-09-07

Choose a loan type by amount

PLS Cash Advance currently presents request amounts from $200 to $5,000. The ranges below are navigation guidance between our state loan guides — not statutory limits, eligibility rules, or a promise of approval.

$200–$500 Current guide

Payday Loans in Iowa

Editorial payday route. The legal $500 ceiling is aggregate check face amount, so actual cash proceeds may be lower.

$500–$5,000

Installment Loans in Iowa

Editorial installment route for larger or multi-payment borrowing; actual pricing depends on lender authority and loan structure.

See Installment Loans

Amount and term limits

A licensee may hold no more than two checks from the same maker at one time, and the aggregate face amount of those checks may not exceed $500. Because the statutory ceiling is check face amount, it should not be read as a promise that $500 in cash proceeds is available.

A delayed-deposit check may not be held for more than 31 days.

Interest, fees and repayment

Iowa uses a statutory transaction-fee schedule rather than one flat APR ceiling. The agreement must disclose the fee and APR.

Maximum fee: $15 on the first $100 of check face amount and $10 on each subsequent $100 increment, prorated for partial increments.

The transaction is ordinarily completed when the check is deposited/collected or the obligation is otherwise paid at maturity.

Rollovers, refinancing and early payment

Rollover allowed?
No
A licensee may not repay, refinance, or consolidate a postdated-check transaction with proceeds of another postdated-check transaction made by the same licensee.
Prepayment penalty allowed?
Not reduced to a yes/no rule
No separate universal prepayment-penalty flag is encoded for this delayed-deposit product from the cited sections.

Iowa borrower protections

  • No more than two delayed-deposit checks from the same maker may be held at one time.
  • Aggregate check face amount may not exceed $500.
  • The check may not be held for more than 31 days.
  • The statutory fee schedule is capped at $15 on the first $100 and $10 per subsequent $100 increment, prorated as required.
  • Same-licensee refinancing through another delayed-deposit transaction is prohibited.

Iowa loan cost calculator

Why there is no single statutory calculator: Although Iowa has a fee schedule, the $500 ceiling is an aggregate check-face rule and borrower-level transaction details matter. No new state-specific calculator engine is introduced in this release.

How to verify a lender in Iowa

Regulator: Iowa Division of Banking.

Delayed Deposit Services license

Verify a lender license

Official sources

  1. Iowa Code §533D.9 — Fees and disclosures · primary
  2. Iowa Code §533D.10 — Delayed-deposit restrictions · primary
  3. Iowa Administrative Code Chapter 17 — Delayed Deposit Services · primary

Last regulatory verification: 2026-09-07. Laws can change; verify current terms and lender status before borrowing. Read our research methodology.